Operational Risk Manager at Sasfin Bank Ltd

Job description

MAIN PURPOSE OF THE JOB

To provide strategic leadership, direction and implementation of operational risk management to the respective functional business areas supported. Act as a trusted operational risk management business partner that equips business with the tools to mitigate financial, reputational and regulatory impact of operational risks.

KEY AREAS OF RESPONSIBILITY / DESCRIPTION OF TASKS

• Operational Risk strategy and framework development and deployment:
• Develop a strategic plan for Group to deliver on the overall Operational Risk Management strategy.
• Provide strategic direction/guidance to business to align the implementation of the Operational Risk tools in context of the business strategy and goals.
• Drive effective execution of the operational risk strategy and framework, aligned to business specific requirements, in line with the risk appetite statements and Group policy.
• Continuously improve the existing framework to ensure consideration of emerging risks and threats.
• Contribute to the development of a risk and control culture in the functional area through knowledge sharing and creating awareness on the importance of risk management.
• Share the operational risk framework and methods proactively through participation in employee orientation sessions, training of risk champions and creating awareness in executive engagement sessions.
• Participate in the development and annual improvement of the Groups’ operational risk management strategy, framework, policies and standards.
• Undertake research on best practices on Operational Risk tool implementation through the interaction with various Risk Management committee/bodies/structure, SARB and other stakeholders.
• Embed Operational Risk Framework within the organisation:
• Ensure that the Risk Management Frameworks are effective in the allocated divisions.
• Ensure that appropriate risk assessments are done across all Business Units by facilitating the identification and assessment of all key risks, utilising appropriate tools and techniques.
• Ensure that appropriate risk management policies and procedures are in place and updated as required.
• Provide guidance to Business in setting the KRI’s to ensure embedding of Operational Risk tools.
• Provide qualitative risk status reporting with accurate and reliable business information, together with analysing trends and data to relevant stakeholders.
• Report emerging threats and risks timeously to relevant stakeholders.
• Continuously research advanced risk management techniques and methodologies and introduce new risk initiatives, with the view of improving the sustainability of the organisation.
• Conduct risk assessments on new products and strategic initiatives within the bank.
• Collect and analyse operational losses in the responsible areas and perform trend and root cause analysis.
• Conduct operational risk incident investigations.
• Recommend value add risk management solutions to reduce the risk of re-occurrence.
• Support management of the responsible area to ensure that strategic decisions within the business areas take full account of the current and emerging risk profile.
• Monitor the adequacy and efficiency of the risk processes and guide the business areas’ management where appropriate.
• Ensure that risk issues identified are monitored, reported, escalated to relevant persons and Committees and corrective actions are taken.
• Ensure that BCPs are continually updated for the allocated business area and facilitate the testing of BCM.
• Review regulatory reports and ensure accurate capital charge.
• Review the Risk appetite statement and ensure that there is alignment with all the risk management functions.
• Conduct stress testing and scenario analysis.
• Use external data to benchmark against trends or actual control environments itself.
• Review system reports that provide information on incidents logged on a monthly and quarterly basis.
• Manage, lead and influence Operational Risk resources:
• Together with the GM: Enterprise Risk and HR, determine the employee strategy for Operational Risk with a focus on talent management, resourcing, development and retention.
• Participate in the face-to-face delivery of appropriate Operational Risk training and awareness programmes for executives, senior managers and other employees.
• Stakeholder engagement:
• Build and maintain credible relationships with internal and external stakeholders, including management, internal and external audit, non-executives and, regulators, as well as peers in local and international banks.
• Establish and maintain a risk management philosophy and culture within the organisation through awareness campaigns and training initiatives.
• Provide input into the development and implementation of a strategic and annual enterprise risk management plan.
• Provide input into and maintain the risk maturity profile of the organisation.

SKILLS/PERSONAL ATTRIBUTES REQUIRED

• Relevant degree/diploma in Risk Management or Finance/Economics.
• Clear understanding of the Basel II and III Capital Calculation Methods and in-depth knowledge of Basel accord.
• Five-to-seven years’ experience in Operational Risk Management environment.
• Strong leadership qualities including, purposeful collaboration, influencing others, leading courageously, highly proactive, ability to manage and oversee projects.
• Strong relationship building qualities.
• High level understanding of the Operational Risk Management tools and Framework and the ability to implement.
• Five years Banking experience
• Solid knowledge of Microsoft Excel, Word and PowerPoint
• Working knowledge of Risk Management Systems and Measurement Tools
• Insight into all regulatory requirements related to the banking industry
• Excellent presentation skills
• Strong analytical skills
• Ability to utilise/source all appropriate resources that will enhance the functioning of the department
• Strong communication skills (verbal, written and presentation)

REMUNERATION

Market-related, based on total Cost to Company

Interested applicants can forward their CV by no later than: 11 May 2017.

*Please consider your application unsuccessful if you have not received a response within two weeks of submission.